Ethereum for enterprise
Ethereum can help many kinds of businesses, including large companies:
- Increase trust and reduce the cost of coordination between business parties
- Improve business network accountability and operational efficiency
- Build new business models and value creation opportunities
- Competitively future-proof their organization
In the early years, many enterprise blockchain applications were built on private permissioned Ethereum compatible blockchains or consortium chains. Today, thanks to technological advances which enable greater throughput, lower transaction cost, and privacy, most enterprise applications that use Ethereum technology are being built on the public Ethereum Mainnet or on Layer 2 chains.
Resources
Further reading
Non-technical resources for understanding how businesses can benefit from Ethereum
- Why Are Blockchains Useful For Business? - Discusses the value of blockchains through the lens of predictability
- Enterprise Ethereum Alliance 2023 Business Readiness Report - surveys the potential and capabilities of public Ethereum and the broader Ethereum ecosystem for businesses
- Ethereum for Business by Paul Brody - is a plain-English guide to the use cases that generate returns from asset management to payments to supply chains
Organizations
Some collaborative efforts to make Ethereum enterprise friendly have been made by different organizations
- Enterprise Ethereum Alliance - The EEA helps organizations to adopt and use Ethereum technology in their daily business operations. Its goal is accelerating business Ethereum through professional and commercial support, advocacy and research, standards development and ecosystem trust services.
- Global Blockchain Business Council - The GBBC is an industry association for the blockchain technology ecosystem. Through engaging policymakers and regulators, curating events and in-depth discussions, and driving research, GBBC is dedicated to further adoption of blockchain to create more secure, equitable, and functional societies.
Enterprise developer resources
Products and services
- 4EVERLAND - provides APIs, RPC services and tools for hosting decentralized applications and enabling decentralized storage on Ethereum
- Alchemy - provides API services and tools for building and monitoring applications on Ethereum
- Blast - an API platform that provides RPC/WSS APIs for Ethereum Archive Mainnet and Testnets.
- Blockapps - implementation of the Enterprise Ethereum protocol, tooling and APIs that form the STRATO platform
- Chainstack - mainnet and testnet Ethereum infrastructure hosted in public & isolated customer clouds
- ConsenSys - provides a range of products and tools for building on Ethereum, as well as consulting and custom development services
- Crossmint Enterprise-grade web3 development platform to deploy smart contracts, enable credit-card and cross chain payments, and use APIs to create, distribute, sell, store, and edit NFTs.
- Envision Blockchain - provides enterprise focused consulting and development services specializing in Ethereum Mainnet
- EY OpsChain - provides a procurement workflow by issuing RFQ’s, contracts, purchase orders, and invoices across your network of trusted business partners
- Hyperledger Besu - an enterprise focused open-source Ethereum client developed under the Apache 2.0 license and written in Java
- Infura - scalable API access to the Ethereum and IPFS networks
- Kaleido - an enterprise-focused development platform that offers simplified blockchain and digital asset applications
- NodeReal - provides scalable blockchain infrastructure and API services provider for the Web3 ecosystem
- Moralis - enterprise grade APIs and Nodes with a SOC2 type 2 certification
- Provide - enterprise zero-knowledge middleware
- QuickNode - provides reliable and fast nodes with high-level APIs like NFT API, Token API, etc., while delivering a unified product suite and enterprise-grade solutions
- Tenderly - a Web3 development platform that provides debugging, observability, and infrastructure building blocks for developing, testing, monitoring, and operating smart contracts
- Unibright - a team of blockchain specialists, architects, developers and consultants with 20+ years of experience in business processes and integration
- Zeeve - provides a range of products and tools for building on Ethereum, also infrastructure and APIs for Enterprise Web3 applications.
Tooling and libraries
- Baseline Project - The Baseline Protocol is a set of tools and libraries that helps enterprises coordinate complex, multi-party business processes and workflows with privacy while keeping data in respective systems of record. The standard enables two or more state machines to achieve and maintain data consistency and workflow continuity by using a network as a common frame of reference.
- Chainlens - SaaS and on-prem blockchain data and analytics platform from Web3 Labs
- Ernst & Young's 'Nightfall' - an application for transferring ERC20, ERC721 and ERC1155 applications under Zero Knowledge, using an Optimistic Rollup
Scalability solutions
Most new blockchain applications are being built on Layer 2 chains. Layer 2 is a set of technologies or systems that run on top of Ethereum (Layer 1), inherit security properties from Layer 1, and provide greater transaction processing capacity (throughput), lower transaction fees (operating cost), and faster transaction confirmations than Layer 1. Layer 2 scaling solutions are secured by Layer 1, but they enable blockchain applications to handle many more users or actions or data than Layer 1 could accommodate. Many of them leverage recent advances in cryptography and zero-knowledge (ZK) proofs to maximize performance and security, and some offer an additional level of privacy.
Enterprise applications live on Ethereum Mainnet
Here are some of the enterprise applications that have been built on top of the public Ethereum Mainnet and L2s by and for traditional, non-blockchain based companies.
Payments
- Brave Browser - pays users for their attention to advertisements and users can pay publishers to support them, via the Basic Attention Token
- City of Lugano, Switzerland - payment of taxes and other municipal services
- EthereumAds - lets web site operators sell advertising space and get paid via Ethereum
- hCaptcha - Bot prevention CAPTCHA system which pays web site operators for the work done by users to label data for machine learning. Now deployed by Cloudflare
- Opera MiniPay - makes mobile payments more accessible and secure for people in Africa with a non-custodial wallet and leverages phone numbers for easy transactions
- Roxpay - automates pay-per-use asset invoicing and payments
- SAP Digital Currency Hub - cross border payments with stablecoins
- Toku - payroll, token grant administration, tax compliance, local employment, benefits & distributed HR solutions
- Xerof - facilitates fast and inexpensive international (cross-border) B2B payments
Finance
- ABN AMRO - with Tokeny, tokenized green bonds
- Crowdz - invoice/receivables financing and factoring platform
- Mata Capital - real estate investment tokenization
- Obligate - regulated and KYC'd onchain bonds and commercial paper
- Siemens - bond issuance
- Sila - banking and ACH payments infrastructure-as-a-service, using a stablecoin
- Societe Generale FORGE - bond issuance
- Taurus - issues tokenized securities
Asset tokenization
- AgroToken - tokenizing and trading agricultural commodities
- Bitbond - improves the issuance, settlement and custody of financial assets with tokenization
- Blocksquare - tokenization infrastructure for real estate
- Centrifuge - tokenized receivables financing, debt, and assets
- Clearmatics - builds decentralised network platforms for the p2p exchange of tokenised value
- dClimate - decentralized climate information ecosystem
- Fabrica - a platform for digitizing real estate assets, enabling DeFi borrowing and property trading
- Fasset - a platform for supporting sustainable infrastructure
- Nori - open source market infrastructure to allow for carbon removal projects to measure and monetize their activity
- Propy - a platform to automate residential real estate transactions with smart contracts
- RealT - investors around the globe can buy into the US real estate market through fully-compliant, fractional, tokenized ownership
- Rubey - a platform that tokenizes high-end art to make it accessible to retail investors
- Swarm - a platform focused on the digitization and trading of real-world assets in a regulatory compliant manner
- Thallo - a platform to integrate digital carbon credits into business transactions
- Tokenchampions - tokenizes European football players' image rights
Notarization of data
- ANSA - Italian news agency fights fake news and enables readers to verify the origin of news stories by recording them on Mainnet
- Breitling - records provenance and repair history of watches on Ethereum
- BRØK - a cap tables platform for unlisted companies on the public, provided by The Norwegian Government
- Certifaction - legally valid eSignatures with by privacy-by-design
- EthSign - records signed electronic documents on the Ethereum blockchain
- Stacktical - enables the software development, digital issuance and digital signature of Service Level Agreements (SLA) with native escrowing capabilities
- Verizon - logs press releases on Ethereum to ensure corporate accountability and trust
- WolfTown - by MEF and Sage Management automates Service Level Agreement reporting between telecom carriers
Supply chain
- Birra Peroni mints NFTs for each new batch of beer, enabling greater visibility and efficiency across its supply chain
- CargoX - electronic bill of lading and document transfer provider for shipping
- Circularize - an end-to-end traceability solution for raw materials made into products
- EY OpsChain Contract Manager - enables companies to engage in a procurement workflow by issuing RFQ’s, contracts, purchase orders, and invoices across a network of business partners
- Minespider - supply chain tracking and provenance, and CO2 emissions tracking
- Morpheus.network - supply chain automation platform
- StaTwig - supply chain operations
- TradeTrust - verifies electronic Bills of Lading (eBLs) for international shipping
- Transmute - data exchange platform for global trade; supports Transactions with Decentralized Identity on Ethereum
Insurance
- Arbol - parmetric insurance to cover weather related risks
- Etherisc - decentralized insurance for a variety of risks
- Nayms - a digital space for the creation of insurance programs, the raising and trading of capital, the writing of risk, and the payment rails for premium and claim transactions, built with AON
Identity, credentials and certifications
- BCdiploma - digitizes and verifies diplomas, certificates, and micro-credentials
- Hyland Credentials - digital diplomas and other education credentials, licenses, and certificates
- Palau Digital Residency Program - offers global citizens the ability to have a legal Palau government-issued ID
- Spherity - offers digital identity management solutions to establish digital trust in ecosystems, focusing on decentralized identities and verifiable credentials
- Zug Digital ID - is a blockchain-based identity system in Switzerland, offering residents digital access to government services and supporting functionalities like e-bike borrowing and municipal voting
Entertainment, NFTs, and Loyalty
- Adidas Virtual Gear - a virtual gear NFT collection
- The British Museum's Sandbox - an NFT collection
- Fruitlab - a platform for gamers to earn from watching, sharing and playing online games
- Nike Swoosh - an NFT platform
- Sothbebys Metaverse - a digital art NFT marketplace by Sothebys
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